HMRC is inviting suppliers, including fintech companies, “to contribute to building our knowledge regarding the possibility of using real-time transaction data in banking products for streamlined tax determination, automatic calculation and payment to HMRC, simplifying this process for taxpayers”. The ...
20% of £4500 = £900 tax relief Do I Need Proof of My Work Journeys? Yes, you need to keep records of all your work travel, including public transportation, for all the vehicles you use, supporting yourHMRC travel expensesclaim. just a simple diary that notes the dates, number of ...
“HMRC recognised this and in 2013 introduced disincorporation relief for small businesses. Essentially, it is a simplification of the rules allowing limited companies to look at their options and, if appropriate, return to or change to unincorporated status in a tax efficient manner. “For many ...